One of the questions we ask ourselves in recent weeks concerns the positive effects that the Bitcoin bullish trend can also bring to all the other altcoins, thus announcing the long awaited bullmarket by investors who have decided to invest in other cypto. In reality, some effects were recorded for example with Ethereum which yesterday touched its new ATH and an upward trend generically has incorporated many other cryptocurrencies but at the moment there has not been that bullish trend that characterized 2017 with increases in the order of 1000% and more.
It is not certain that the market will always behave in the same way after 3 years and it is not certain that all projects will be characterized by increases. I am convinced that the bullish market for altcoins has already started but will have a much longer time and a progressive but controlled growth. And all this is really a great thing not so much for our wallets but above all to demonstrate to the financial world that the crypto market is more mature and determined to delve into people's daily lives to improve many aspects.
At the moment, Bitcoin continues to dominate the market cap and this is evident not only for the value achieved, which currently stands at 35,000-36,000 dollars, but for the amount of news circulating on the net, for the trend of Google searches. Everyone is now talking about Bitcoin and this is the best time, in my opinion, to focus on other projects that will be able to enjoy the same fame, or slightly less than Bitcoin in the coming months. This is what real investors do, looking for little gems before they become big treasures.
Some indicators that can help us understand when the bullmarket will be most effective is for example the value of Bitcoin's dominance. Currently the
dominance is at 65%, still too high a value: in the bullish season its value settled between 32% and 33% and Ethereum and XRP were competing for second place and then all the others
Today the situation is still very different and only Ethereum has reached the value of 2017, so we await all the others and we will also see XRP how it will move after the decision of the SEC and the delisting from many important exchanges.
Another indicator is Bitcoin's Crypto Fear & Greed Index which today still marks a very high attention threshold at 78, despite being a little lower than in December which reached peaks of 95-96.
In a bullmarket the value should settle around 50 or a little less and as you can see we are slowly getting closer. So the market is much more mature than we can expect. A new cycle has begun, different from the past for many reasons. Have patience and faith and do not be anxious about the low volatility of the market, it is an excellent sign!
